Natixis Advisors LLC Purchases 79,273 Shares of GoDaddy Inc. (NYSE:GDDY)

Natixis Advisors LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 260.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,682 shares of the technology company's stock after acquiring an additional 79,273 shares during the period. Natixis Advisors LLC owned about 0.08% of GoDaddy worth $21,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in shares of GoDaddy during the 3rd quarter worth $31,000. Versant Capital Management Inc acquired a new position in GoDaddy during the fourth quarter worth $43,000. Rakuten Securities Inc. raised its holdings in GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company's stock valued at $43,000 after buying an additional 165 shares in the last quarter. Huntington National Bank raised its holdings in GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company's stock valued at $48,000 after buying an additional 230 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of GoDaddy in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 90.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GDDY shares. B. Riley raised their price objective on GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Wells Fargo & Company started coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. Barclays upped their price objective on shares of GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Raymond James lifted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Piper Sandler upped their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

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GoDaddy Stock Performance

Shares of NYSE:GDDY traded down $0.20 during trading on Friday, hitting $180.49. 3,085,669 shares of the stock were exchanged, compared to its average volume of 1,341,660. The company has a market capitalization of $25.51 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 1-year low of $118.39 and a 1-year high of $216.00. The company's fifty day simple moving average is $191.62 and its 200-day simple moving average is $182.88.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Sell-side analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the transaction, the chief financial officer now directly owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the completion of the sale, the director now directly owns 22,621 shares in the company, valued at approximately $4,698,381.70. This represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,480 shares of company stock worth $3,816,029 over the last quarter. Company insiders own 0.61% of the company's stock.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.